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Dec 4, 2012
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john? >> i wanted to play a soundbite from the bloomberg interview that i mentioned to sue a few minutes ago. one yes offered a carrot to say if you do that in the short term, put revenue on the table concretely in that way, we will have a long process of tax entitlement reform that could end up reducing the rate in 2013. here is the president. >> not able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we are not going to be able to come one necessarily comprehensive entitlement reform package that gets it all done in the next two weeks. when you luke at what ronald reagan did back in 1986, working with bill bradley and others, that was a year and a half process. what i have suggested is let's essentially put a down payment on taxes, let's let tax rates on the upper income folks go up. >> now, the difficulty of tax reform has been a concern of the white house throughout this discussion, all the way back to 2011. it's why they insisted on
john? >> i wanted to play a soundbite from the bloomberg interview that i mentioned to sue a few minutes ago. one yes offered a carrot to say if you do that in the short term, put revenue on the table concretely in that way, we will have a long process of tax entitlement reform that could end up reducing the rate in 2013. here is the president. >> not able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we are not going to be able...
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Nov 29, 2012
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john in florida. >> caller: hi, jim. i just want to mention i don't know if anyone ever told you but you remember billy joel, not lennon like you showed that portrait last week. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at past eight trading days and i was wondering if this was any case the stocks were to pop. cldx is the prop. don't know why it's up. got to come back. sorry. could be a could good expectation. >> all my florida calls are so -- what do you got? you got this guy mr. social meaning he knows how to use social media better than anyone i've ever seen. >> stephanie lake, we were talking, i said this is right no
john in florida. >> caller: hi, jim. i just want to mention i don't know if anyone ever told you but you remember billy joel, not lennon like you showed that portrait last week. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the...
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Nov 30, 2012
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. >> how worse headlines can you get than john boehner, the speaker of the house, saying we've gone nowhere on talks and the market moves higher? >> i don't know if it's because of a deal expectation as much as it's because of this morgan stanley rebalance and this movement toward the upside at end. i don't know if this is technical in nature. >> today i think it is. >> it's technical, yeah. >> before we go, brad, what would you buy? >> from a credit stand point, we're comfortable with a lot of these companies you're hearing could potentially come with a special dividend. you know, if they're still a highly rated company, it's a modest one-time uptick in leverage, we're still comfortable with that. the question really is if it's actually a change in the way a company's going to run itself from a leverage standpoint. we saw that with at&t. that was an underperformer in credit. if it's a one-time thing, i think we're comfortable. if it's a change in philosophy, that's when you'll see underperformance. >> all right, gentlemen. thank you, all. >>> we're heading toward the close, and we are star
. >> how worse headlines can you get than john boehner, the speaker of the house, saying we've gone nowhere on talks and the market moves higher? >> i don't know if it's because of a deal expectation as much as it's because of this morgan stanley rebalance and this movement toward the upside at end. i don't know if this is technical in nature. >> today i think it is. >> it's technical, yeah. >> before we go, brad, what would you buy? >> from a credit stand...
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Nov 30, 2012
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today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top congressional leaders, it's the reddest of all. >> among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state pressure may be senate republican leader mitch mcconnell. he faces re-election in kentucky, a state where the tea party movement is alive and well. president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014, and this time take out mitch mcconnell if he agrees to raise taxes. >> we shall not raise taxes in this count
today john harwooden in kentucky. senate republican leader mitch mcconnell's home state to find out how the fiscal cliff is impacting constituents there. >> reporter: in the senate, the challenges is bringing together red states and blue states. mitch mcconnell's kentucky is horse country. of the states represented by top congressional leaders, it's the reddest of all. >> among the top leaders of congress involved in fiscal cliff negotiations, the one facing the most home state...
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Dec 3, 2012
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speaker of the house john boehner also got into the conversation saying, mr. president, the budget will never balance without economic growth. how does raising tax rates on 1 million small businesses create jobs and grow the economy? let's see if the president responds to that one. he still has it. back over to you. >> that feels a little bit like a side show. >> tax cuts on one group help but tax cuts over here won't help and $80 billion a year will suddenly save medicare. >>> america doubling down on secret agents. u.s. sending out nearly 2,000 new spies. next we'll tell you their prime targets -- hint -- and the price tag for you, the taxpayer, will be paid for by tax hikes on the rich. >>> the cnbc real-time exchange market snapshot is sponsored by -- i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you won't just find us online, you'll also find us in pers
speaker of the house john boehner also got into the conversation saying, mr. president, the budget will never balance without economic growth. how does raising tax rates on 1 million small businesses create jobs and grow the economy? let's see if the president responds to that one. he still has it. back over to you. >> that feels a little bit like a side show. >> tax cuts on one group help but tax cuts over here won't help and $80 billion a year will suddenly save medicare....
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Dec 5, 2012
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also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point
also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on...
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he wouldn't be hacking computers, he would be hacking biology. >> thanks, john. >> john, be well. see you soon. >>> market plash now on blackberry maker research in motion. what do you see there? >> blackberry started the day well considering it got slapped with a rating, maybe irrational exuberance over this excitement over the blackberry 10 on january 30th. they don't think it's going to be all that. they don't see as much excitement in the developer community, which is really where you need to see it overall. so they slap a sell rating. but the stock was up about 50% last month. >> thanks, bertha. did you forget, you're just not going to wear your rimm hat anymore or what? trying to disassociate yourself? >> i'm still in the game. and by the way, i look better than a lot of stocks should be surprised about, given the we started the contest in may and -- >> you look a hell of a lot better now than a couple months ago. >> over the summer i would get invited on to apologize for. now i'm back in contention. so i guess we'll see what happens. >> next you have on "halftime," what's f
he wouldn't be hacking computers, he would be hacking biology. >> thanks, john. >> john, be well. see you soon. >>> market plash now on blackberry maker research in motion. what do you see there? >> blackberry started the day well considering it got slapped with a rating, maybe irrational exuberance over this excitement over the blackberry 10 on january 30th. they don't think it's going to be all that. they don't see as much excitement in the developer community,...
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i know john hilsenrath is a great reporter. i think the problem is -- many thanks, lee, for helping us out. >>> here's a thought experiment. what if i told you there would be no fiscal cliff recession? what if you believe me? how would you invest? well, we're going to give stephanie that challenge. she's director of research of "the street" and co-portfolio manager of jim crepers's charitable truth. an old friend. i'm here to say obama is bluffing, there's not going to be a fiscal cliff, they will do something to stop the taxes from expiring. he doesn't want to be herbert hoover obama. i'm putting that on the table. if you take that off the table, you look at the economy, profits, the stuff, there's no lending going on, what is your outlook for the stock market? ivities i think we would be higher if we didn't have this issue. we have low interest rates, not only here, but globally the monetary policy will stay easy. whether you like it or not, it's going to stay easy for a long time. >> i would argue that it's helped. i would l
i know john hilsenrath is a great reporter. i think the problem is -- many thanks, lee, for helping us out. >>> here's a thought experiment. what if i told you there would be no fiscal cliff recession? what if you believe me? how would you invest? well, we're going to give stephanie that challenge. she's director of research of "the street" and co-portfolio manager of jim crepers's charitable truth. an old friend. i'm here to say obama is bluffing, there's not going to be a...
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in front of me mike murphy, john najarian, joe terranova, josh brown. more of the same, doc. markets up on what seems to be a pretty good day. >> the more they zip it, the more we go up. as soon as they talk, we go down. it's not democrat or republican. doesn't matter if it's harry reid or if it's boehner. when they came out -- or when boehner came out and we're about to get reid as well. when boehner came out and said it's not balanced, we don't have cuts on the table, the white house is not trying, i said yesterday that this increases the gamma, the rate of change of delta. that's what gamma is. it goes up. we're seeing larger and larger risk built into this based on how long these negotiations take. if they drag it out and they don't get substantive issues on the table like cuts as well as taxes, then we're going to be closer to the cliff. that's why all these special dividends. that's why costco borrowed $3 billion to pay that $7 special, judge. that's not a good sign. >> josh, yesterday the dow was up 100 then down 100 -- or down 100 then up 100, whatever you want to say
in front of me mike murphy, john najarian, joe terranova, josh brown. more of the same, doc. markets up on what seems to be a pretty good day. >> the more they zip it, the more we go up. as soon as they talk, we go down. it's not democrat or republican. doesn't matter if it's harry reid or if it's boehner. when they came out -- or when boehner came out and we're about to get reid as well. when boehner came out and said it's not balanced, we don't have cuts on the table, the white house is...
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is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we saw this reaction from speaker john boehner a little while after he met with geithner. take a listen to how boehner described today's events. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> sue, on a lighter note, it looks like there are negotiations going on up here. i just saw a plate of lunch being brought in to the room where we believe that secretary geithner is sitting right now. we're also seeing some of the aides go in and out of that room as well. so clearly deals are being crafted here.
is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we saw this reaction from speaker john boehner a little while after he met with geithner. take a listen to how boehner described today's events....
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john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be weakened the most. and orrin hatch called geithner's statement one of the most stunning and irresponsible statements that he's heard in some tile. soo can the economy avoid the cliff and rides above? anyway, senior u.s. economist and managing director at ubs. do you think we'll get a deal? >> i think we'll get a deal. do we get it before the holidays or after for markets, it matters. it's been a drag for the last nine months. so the idea that there is more uncertainty now than there was
john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going...
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john, i thought i was hip because i listen the my 14 year owed. give me what this game salad is. >> is he using it already? >> it is a platform for writing video games. what's unusual is that it is the first platform out there where you don't use lines of code. you drag and drop objects. an 8 or 10-year-old, half a million developers, are use thing. written using game salad. >> how does this change the balance? i think of that as opposition. the con ten now going get more market cap, more capital, gravitating to content away from distributors now? >> over a long period of time i think so. content producers are moving from media companies to individuals. and whether it is a photographer in india who takes a great photo and available in 500 px or a kid who has a great idea for a game and then just has tools available to rate them, that's what's happening. or you on facebook, when you post something up there, you are creating content. >> okay. we are going to get to this cool thing in just a minute. give me one cool thing before that. get to the mind
john, i thought i was hip because i listen the my 14 year owed. give me what this game salad is. >> is he using it already? >> it is a platform for writing video games. what's unusual is that it is the first platform out there where you don't use lines of code. you drag and drop objects. an 8 or 10-year-old, half a million developers, are use thing. written using game salad. >> how does this change the balance? i think of that as opposition. the con ten now going get more...
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simon hobbs. >> john boehner, the possibility he may speak. let's see how far we can get for a rundown of the european markets. should you be invested in european equities now? don't worry about today's trade. check out this board of where we are now on the dow jones industrial average versus what's happening in europe. see the late surge coming through from the european equities on the white line? you now have a substantial outperformance for the year from those blue chips on the other side of the atlantic. we talk about europe all the time. you know the dynamics within that. looking forward, goldman sachs is actually suggesting you will make more money in european equities next year than you will in american equities. they believe that the dow jones stock's 50 will climb higher to 3,000. that's a 16% gain on that market. on the broader market next year in europe, goldman sachs thinks you will make 18%. its projection here for the s&p is for a gain of only 11% or 12%. it may be that you'll make more money according to goldman sachs next year
simon hobbs. >> john boehner, the possibility he may speak. let's see how far we can get for a rundown of the european markets. should you be invested in european equities now? don't worry about today's trade. check out this board of where we are now on the dow jones industrial average versus what's happening in europe. see the late surge coming through from the european equities on the white line? you now have a substantial outperformance for the year from those blue chips on the other...
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john, thank you very much. the view there from washington as we keep our eye on fiscal cliff negotiations. we have an important profit warning today. shares of darden at a ten-month low after the restaurant operator cut its full year guidance. rachel rothman downgraded darden last month from positive to neutral with a $58 price target and joins us now on the cnbc newsline. thank you for joining us. i appreciate it. it's become a busy morning for you. >> thank you, simon. thank you for having us. >> what's gone wrong at darden? the ceo is saying we had promotions. they didn't resonate well. we need bolder changes at red lobster, olive garden and longhorn steakhouse. >> they spent the last couple years trying to repotool menus d change limited time offers in an effort to reengage with core customer and drive positive traffic. unfortunately the efforts that they unveiled to this point have yet to actually take hold and so they are issuing a disappointment here for the quarter and for the full year citing negative
john, thank you very much. the view there from washington as we keep our eye on fiscal cliff negotiations. we have an important profit warning today. shares of darden at a ten-month low after the restaurant operator cut its full year guidance. rachel rothman downgraded darden last month from positive to neutral with a $58 price target and joins us now on the cnbc newsline. thank you for joining us. i appreciate it. it's become a busy morning for you. >> thank you, simon. thank you for...
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senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will be, but somewhere around $75 billion. it's a tenth of what we
senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers....
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speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. he also said last night that you will see higher marginal tax rates. >> higher marginal or effective? >> higher mar begin ginal rates talking about last night. >> that's part of the 500. >> he thinks as part of the compromise to get there, you'll have to see the democrats get their way in terms of higher marginal tax rates. he also said that the republicans should be able to see higher entitlement cuts, that that should be part of thi
speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess....
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guatemala police arrested john mcafee last night for entering the country illegally. >> john mcafee thought he had finally made it to safety when he reached the shores of guatemala this week, but his troubles it turns out are just beginning. mcafee, the gun toting software tycoon, is on the run after the murder of his american neighbor in belize. police are seeking mcafee for murder. he says he has nothing to do with the murder. after hiding for three weeks, he fled to guatemala and is now seeking political asylum. he thought that guatemala would be safe, he hired -- it turns out the plan was foiled last night when guatemalan police arrested him for illegally entering the country, if he gets asylum he can stay, but i'm told this is not likely, what is more likely is that he will be escorted by police back to belize, once at the border, he could be picked up by belize police and detained. what happens after that is anyone's guess. he could be charged in belize or if mcafee can be believed, he would disappear. i find it difficult that he would disappear back in belize. >> it comes sometimes i
guatemala police arrested john mcafee last night for entering the country illegally. >> john mcafee thought he had finally made it to safety when he reached the shores of guatemala this week, but his troubles it turns out are just beginning. mcafee, the gun toting software tycoon, is on the run after the murder of his american neighbor in belize. police are seeking mcafee for murder. he says he has nothing to do with the murder. after hiding for three weeks, he fled to guatemala and is...
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cnbc's john ford joins us with more on that. >>> no secret the pc business itself is suffering. it was down 8% worldwide in q3 and recent earnings report from hp, dell, and others reflected via people. the impact goes far deeper the pc era and industry full of accessory makers benefited from every pc sale. shoppers bought add on key boards, printers, ink for example. now momentum is shifting to tablets like apple's ipad. capital markets estimates tablet makers will build 85 million tablets this year with three of every four from apple. he believes that tablet effect will shave 9% off of 2012 pc unit growth. but that's good news for startups like evernote a note taking app. the business now gets the holiday boost pc accessory makers once enjoyed. the first weeks of january he told me are evernote's busiest period as people download productivity apps like his for their new tablets and smart phones. and to prepare for that surge he has upgraded evernote's data center to handle hundreds of millions of users. he also pushing his team to deliver new versions of evernote's apps before
cnbc's john ford joins us with more on that. >>> no secret the pc business itself is suffering. it was down 8% worldwide in q3 and recent earnings report from hp, dell, and others reflected via people. the impact goes far deeper the pc era and industry full of accessory makers benefited from every pc sale. shoppers bought add on key boards, printers, ink for example. now momentum is shifting to tablets like apple's ipad. capital markets estimates tablet makers will build 85 million...
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. >>> coming up on halftime, is innovation dead at apple, former ceo john scully here onset speaking out on america's most valuable company. >>> a big bear makes another big call. adam parker on the markets in 2013. and dell's best day of the year. what's the right play now? two traders, one heated debate at the top of the hour. carl, see you at 12:00. >> scully and parker, good hour. can't wait. thanks, scott. >>> 21 days until christmas and ebay seeing a huge surge in mobile shopping. question is, is mcommerce now as they call it the way of the future? steve yankovich joins us. >> thanks for having me here. >> some of the percentage increases are hard to believe. how sustainable are these numbers? are we still in early days? >> yeah, we are. the mobile growth has been phenomenal. if you think about four years back, people didn't think about mobile commerce at all. and now today we expect to do $10 billion in globally on ebay mobile and it's about the consumer. when and where do they want to shop? and the smartphone is changing the game. we're in a paradigm shift in how people are s
. >>> coming up on halftime, is innovation dead at apple, former ceo john scully here onset speaking out on america's most valuable company. >>> a big bear makes another big call. adam parker on the markets in 2013. and dell's best day of the year. what's the right play now? two traders, one heated debate at the top of the hour. carl, see you at 12:00. >> scully and parker, good hour. can't wait. thanks, scott. >>> 21 days until christmas and ebay seeing a huge...